2013-01-02
2013-01-02
PROGRAM
CNN Newsroom 4
ABC News Good Morning America 3
ABC World News Now 3
America This Morning 3
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9News Now at 11pm 2
ABC World News With Diane Sawyer 2
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WUSA - CBS Evening News With Scott Pelley
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Jan 2, 2013
WUSA
CBS Evening News With Scott Pelley
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Jan 2, 2013


in the broadcast. now to the bill congress did pass late last night to pull the country back from the fiscal cliff. tax rates are going up for high-income earners. jobless benefits will continue for the long-term unemployed. and the payroll tax is going up. but spending cuts have been put off. nancy cordes is on capitol hill. nancy? >> reporter: anthony, after months of procrastination and accusations and closed-door meetings, congress finally passed a fiscal cliff bill last night. it left everyone relieved but no one truly happy. >> the motion is adopted. >> reporter: even republicans who voted for the plan are angry it has no serious spending cuts while democrats think the white house made too many concessions on taxes. kent conrad is a senator from north dakota. >> i hate this agreement. i hate it with every fiber of my being. because this is not the grand bargain that i hoped for or worked for or believed is so necessary to the future of the country. mr. president, this is not by any standard a deficit reduction plan. >> reporter: mostly it's a tax plan. the bill permanently extends the bush-e
WMAR - ABC2 News Good Morning Maryland 5AM
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Jan 2, 2013
WMAR
ABC2 News Good Morning Maryland 5AM
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Jan 2, 2013


of drama and some last- minutenegotiating, congress passed legislation to avoid the fiscal cliff. lawmakers didn't make the deadline and didn't get the grand bargen that both parties claimed was the ultimate goal but democrats and republicans gave themselves credit for getting something done. there was concern among republicans about a lack of spending cuts. some wanted to add them in but you will metly there were not -- ultimately there were not enough votes to it. the fiscal cliff deal would shield i come tax cuts for all workers earning less than 400,000 dollars a year. also prevent a tax hike on the estates valued at less than 5 million dollars and extend unemployment benefits for about 2 million people that were set to exspire. now although congress missed the january 1st midnight deadlineby-passing the compromise deal congress can try to take credit for retroactive tax cuts. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> reporter: they have to deal with automatic spending cuts they put off and there will be a afte
WMAR - ABC2 News Good Morning Maryland 6am
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Jan 2, 2013
WMAR
ABC2 News Good Morning Maryland 6am
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Jan 2, 2013


and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that both parties clap was the goal there. was concern among -- a lack of spending cuts. the deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households earning less than 450,000 dollars. it prevents a tax hike on a state's -- estates valued at less than 5 34eu8ion and extends unemployment benefits for about 2 million people that were set to expire. now what it does not do is raise the debt ceiling. in two months the government will reach the limit on borrowing unless congress acts. the bill delays large cuts to the pentagon and other government programs. now although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back into a rece
WUSA - 9News Now at Noon
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Jan 2, 2013
WUSA
9News Now at Noon
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Jan 2, 2013


at the procrastination of congress passing a late night bill to avoid falling off the fiscal cliff. but there is some satisfaction. >> a relief and that the stocks are showing -- [indiscernible] >> more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: but oliver says he's part of the small group who will be paying higher taxes on his small business. >> it's all right. we've got to move forward somehow. >> reporter: all this does is set up more showdowns in the future so expect more late night faceoffs on capitol hill in the coming months. while the bill taxes the wealthiest families earning more than $450,000, the intensely divided house must now tack him what's not addressed in the bill, including raising the debt ceiling and sequestration reasons why democratic congressman jim moran voted against the measure. >> the problem is we set up three more fiscal cliffs, and all that's left is spending cuts. the only question we have to ask ourselves what programs do we cut them and how deep do we cut them. we'll look back at this night and regret it. >>i
WMAR - America This Morning
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Jan 2, 2013
WMAR
America This Morning
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Jan 2, 2013


>>> breaking news overnight, finally, a deal. >> congress passing a bill to avoid the most serious impacts of the fiscal cliff. the president speaking just before midnight. >>> next year, new location. the students of sandy hook elementary head back to the classroom this week, with much being done to ease the transition. >>> hannah is healing. returning to the air after being badly burned. what it took to get her ready for the rose parade. >>> and no excuses. if you're headed to the gym this morning, keep an eye out for gertrude, still power walking and pedaling after 101 years. >>> good morning. i'm john muller, in for rob nelson. >> and i'm paula faris. it turns out the congress had a bungee cord when they took the country over the cliff. >> the house has ended a bitter deal over a tax deal. bringing the country back from the brink. >> tahman bradley joining us with the new developments from washington this morning. hi, tahman. >> reporter: all, paula and john. the country did technically go over the fiscal cliff. but congress has fixed the mess. what they passed is retroactive.
FBC - Lou Dobbs Tonight
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Jan 1, 2013
FBC
Lou Dobbs Tonight
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Jan 1, 2013


, the 112, expires. the legislation that passes, in both houses of congress don't pass a piece of legislation, all that legislation expires. yes and you have to start the clock again. if this book takes place and we're headed for in about an hour, if it does take place in the vote fails and this bill, this compromise does not pass, the house of representatives, then we're back to square one. the house speaker would have to get involved, something the republicans in the house of been stressing all they, this is a deal between the minority leader mitch mcconnell in the senate and the vice-president of the united states and the house speaker john boehner was not involved. however, there is death valley contact between the two offices as they continue to negotiate, the minority leader and the and vice-president. when you have such overwhelming support it creates more pressure from members of the house to vote for this. you are going to see very likely high-profile republican members in the u.s. house vote against this because of the lack of spending cuts caught. diane: we did hear
CSPAN - Capitol Hill Hearings
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Jan 2, 2013
CSPAN
Capitol Hill Hearings
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Jan 2, 2013


, congress can provide economic security and certainty for middle-class families. this has passed the senate with overwhelming bipartisan support, permanently extending 9 tax cuts permanently9% of american families -- tax cuts to 99% of american families. it expands relief for millions of young people and makes vital investments that build economic growth and jobs in this country. it averts the fiscal cliff and the humble economic consequences that may have resulted. as we close out this congress, we have reached resolution on a major issue facing this congress and an asian -- their tax policy for our families and our -- this congress and the nation -- their tax policy for our families. i expect it will be difficult to reach a bipartisan solution, but that does not mean it cannot be done. tonight's vote demonstrates it can. it benefits american families and american businesses. i yield back. >> the gentleman from michigan, mr. camp. >> i still reserve. >> the gentleman reserves. >> @ i yield one minute -- i yield one minute to mr. moran. >> thank you, mr. chairman. tonight we will pass 83 pr
KPIX - CBS 5 Eyewitness News at 5AM
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Jan 2, 2013
KPIX
CBS 5 Eyewitness News at 5AM
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Jan 2, 2013


. but neither side got everything they wanted. after months of debating and back room deals, congress has passed a bill which will pull the country back from the "fiscal cliff." >> on this vote the yays are 257, the nays are 167. >> reporter: the bill extends bush-era tax rates for every american making less than $400,000 and couples who make less than $450,000. it delays for two months $110 billion in across-the-board spending cuts. >> i'd like to be speaking for bill but i can't. >> reporter: 151 republicans including eric cantor the number 2 ranking house member voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama ahead promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress that the count
KGO - ABC World News Now
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Jan 2, 2013
KGO
ABC World News Now
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Jan 2, 2013


to the brink over the fiscal cliff. congress has passed a deal to prevent steep tax hikes for most americans. >> a late-night vote in the house means that part of the fiscal crisis has been averted. but there's new trouble down the road. abc's karen travers watching it all in washington. good morning, karen. >> reporter: good morning, paula. good morning, john. it wasn't pretty. neither party got what they wanted, and they didn't even get it done in time. but last night congress sent president obama a deal on the fiscal cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is
KPIX - CBS 5 Eyewitness News at 6AM
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Jan 2, 2013
KPIX
CBS 5 Eyewitness News at 6AM
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Jan 2, 2013


, congress has passed a bill which will pull the country back from the "fiscal cliff." >> on this vote. yeas are 257, the nays 167. >> reporter: it extends bush- era tax rates for every american making less than $400,000 and couples who make less than $450,000. it delays for two months a 110 billion-dollar across the board spending cuts. >> i'd like to be speaking for this bill. but i can't. >> reporter: 151 republicans, including eric cantor, the number 2 ranking house member, voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urge them not to play politics with the debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the c
WUSA - CBS Morning News
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Jan 2, 2013
WUSA
CBS Morning News
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Jan 2, 2013


months of debating and back room deals, congress has passed a bill which will pull the country back from the fiscal cliff. >> on this vote the yays are 257. the nays are 157. >> it extends t s the tax rate c individuals earning 400,000 per year and couples $450,000 a. 151 republicans voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> president obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> treasury secretary of state timothy geithner has warned congress the country is a few months away from defaults on its loans for first time in history. >> the consequences would be catastrophic, far worse than the impact of a fiscal cliff. >> but many say the debt limit debate is the last chance femme them to secure the deep spending cuts necessary to pay down our natio
WJLA - ABC World News Now
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Jan 2, 2013
WJLA
ABC World News Now
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Jan 2, 2013


cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> reporter: there was considerable hand ringing among republicans about a lack of spending cuts. some wanted to add them in, but there weren't enough votes to get it passed. this fiscal cliff deal which passed the senate with overwhelming bipartisan support would extend tax cuts for all workers earning less than $400,000 a year, prevent a tax hike on estates valued at less than $5 million and extend unemployment benefits set
FOXNEWSW - FOX and Friends First
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Jan 2, 2013
FOXNEWSW
FOX and Friends First
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Jan 2, 2013


have a deal folks congress passed a fiscal cliff deal a bunch of republicans voted for it. a bunch of republicans voted against it. we are going to talk about it with congressman darrel issa of california and senator richard shelby of alabama and dana perino. get this. ted pay attention. find camera 3 dr. neil warren and ceo co founder of e harmony.com is going to tell you how to find love in the new year. you hear me ted? he hears me. fox and friends kicks off 10 minutes from now right here on your channel for love. fox news channel. >> staffers are living large having million dollar conferences at fancy hotels thanks to member dues. according to the new york post the union spent $166 million last year on training meetings and events. good news if you packed on pounds it could help you live longer. those slightly plump may live longer than those who are skinny. they exercise more and try to eat better to counter that. >>> kids in one new jersey town will arrive at school this morning with armed guards on patrol. the district made a decision after the tragedy at sandy hook to prote
KGO - ABC7 News 1100PM Repeat
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Jan 2, 2013
KGO
ABC7 News 1100PM Repeat
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Jan 2, 2013


months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both claim was parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done.y, veryis a very, very strg first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes t passed. passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadline, technic
SFGTV2 -
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Jan 2, 2013
SFGTV2
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Jan 2, 2013


opportunities, where we have a chinese-american mayor of san francisco. 35 years ago, congress members passed similar resolutions in both house and the senate to formally recognize the first 10 days of may as asian-pacific heritage week. one year later, president jimmy carter signed into law a joint resolution to officially designate the annual celebration. 11 years later, president george bush extended the weeklong celebration to an entire month. you know and i know that our mothers say that every day is asian pacific american day. i want to recognize all of the milestones the api has made in the state of california and in the entire country. the caucus has a record of 42 members in the asian caucus in congress. one of their very first things we want to say is it was a young man who was the first member -- we want to make note of that. the reestablishment of the white house initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was no
WJLA - ABC 7 News at Noon
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Jan 2, 2013
WJLA
ABC 7 News at Noon
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Jan 2, 2013


. congress has passed a deal which now reverts the fiscal cliff. >> than since the dow jones sorry for the first time in weeks, but not everyone is happy with the deal. as brianne carter reports some lawmakers are concerned the new agreement will leave us worse off than before. >> a surge on wall street after congress finally reached a fiscal deal late tuesday night. on this thursday in trading of the new year, the dow jones jumped more than 200 points. >> this lot is just one step in the broader effort to strengthen our economy and broaden opportunities for everybody. >> the measure now headed to the president's desk and will prevent income tax increases and workers -- on workers earning less than $400,000 year-end extend unemployment benefits. but the bill does not include a speextending the social security tax cut. workers will now pay to% more in social security taxes. >> what we are really doing is raising taxes to give the president or money to spend. we think that's a bad idea. >> are members on the hill say that this was not a perfect or permanent fix but they're glad a dea
WUSA - CBS This Morning
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Jan 2, 2013
WUSA
CBS This Morning
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Jan 2, 2013


. >>> the motion is adopted. without objection a motion to reconsider is laid on the table. >> congress passes a fiscal cliff compromise. >> the house late last night passed the senate bill that avoids the spends cuts and tax hike set to take effect later this year. >> we've set up more fiscal cliffs. we're going to look back on this night and regret it. >>> president obama urged them not to fight politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang seng gained nearly 3%. >>> sandy hook elementary students are about to head back to class three weeks after a shooting. classes return to a repurposed school. >>> an open house is set for today. >>> a shell oil rig has run aground off the coast of alaska. >>> no oil is leaking. all members have been evacuated. >>> they captured photos of justin bean
WTTG - Fox 5 News at 5
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Jan 2, 2013
WTTG
Fox 5 News at 5
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Jan 2, 2013


ahead over spending cuts. whether to raise the debt ceiling. the bill congress passed delays automatic spending cuts from going into effect for twotw months, and didn't deal with the debt ceiling, many republicansrp are hoping for a bigger deal. >> i think that the president miss ad great opportunity, oneop of leadership, he has been re elected, he has four years left. and this will be part of his legacy, the failure to step up and do the big thing when he could. >> president obama promising to deal with the spending cuts, and yesterday, he warned republicans about getting into another political squabble. so how do average americans feel about the fiscal cliff deal? beth parker stopped by locallo diner where customers were dishing their thoughts. >> and how do you want youry eggs? >> reporter: they are working 24 hours a day at bob and edith's diner in arlington. the customers which congressi would do the staple. >> i'm really upset with congress right now.ig i just feel like it's a complete failure. >> reporter: they watched thethe nation edge towards the fiscal cliff. >> i've been in
WJLA - Good Morning Washington at 430
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Jan 2, 2013
WJLA
Good Morning Washington at 430
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Jan 2, 2013


it done. congress and the along from all over the fiscal cliff, with house republicans reluctantly passing the senate bill. >> i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession. >> it appears the bill was headed for defeat. house republicans did not want to raise taxes without significant cuts in government spending. >> there are no spending cuts. we are adding $4 billion a day to the debt and we fell ilk -- feel like the senate bill failed miserably. >> they decided not to drag out the fight in the longer and risks taking the blame for massive tax hikes for nearly a met -- for nearly every american worker. >> what is the alternative? >> the bill shields those earning less than $400,000 a year from tax increases and extend unemployment benefits. it does not raise the so-called app ceiling. in two months, government will reach its limit on borrowing unless congress acts. it only delays large cost the pentagon and other government programs. in march we may see another round of f
CSPAN - Capitol Hill Hearings
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Jan 1, 2013
CSPAN
Capitol Hill Hearings
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Jan 1, 2013


-- the senate passed it. let's show the american people this congress is not broken. we are not so dysfunctional we cannot work together for and come to an agreement and compromise. let's get this done. please support the fiscal cliff bills today. >> we are about to have a hold your nose vote here in the house of representatives. many of us will wrestle with the problem. we do have an opportunity to stabilize taxation for 99% of all americans to extend an appreciation. two loans are stabilized in the calendar year 2013. there is a lot in this package that is good. there is a lot in this package not just at all. it must be addressed or it will have a huge drag on the united states economy. once again, revisit the issue for the first time in american history. it is not a perfect package. it is something that gets us by while we tackle the large issues in the next congress. >> we are confronted with a bill that, if the vote full voting- age allow us to go over the ceiling or we can try to come together and pass something that neither tside of the aisle will agree with 100 percent. -- 100%. we do no
CNNW - CNN Newsroom
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Jan 2, 2013
CNNW
CNN Newsroom
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Jan 2, 2013


ceiling, and he said he wasn't going to not pay the bills that congress has passed. i would remind the president these are for programs that he was the one that instigated. it's his health care law. i'm a doctor. that law continues to be unworkable, unpopular and unaffordable, and it's the president's stimulus package that i believe was a failure. >> well, many of the bills do predate 2008, but unfortunately we're out of time. i wished we could talk more. senator barrasso, thank you. >> thank you, victor. >>> alison kosik is at the new york stock exchange. 250 points many on the day, alison. >> how long will the good feel last? we'll be back after the break. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from pro
FOXNEWSW - America Live
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Jan 2, 2013
FOXNEWSW
America Live
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Jan 2, 2013


congress passed late last night. this started out as a debt reduction bill and ended with spending and increase the nation's debt. didn't work out exactly as planned. the bottom line, this law will provide 620 billion dollars in new tax hikes. and 15 billion in budget cuts. and for those of you keeping track at home. for every $1 in cut, according to the so-called debt deal adds nearly 4 trillion dollars to federal deficits over the next decade largely because of the extension of lower tax rates for almost all americans. 330 billion dollars of it is also an increase in spending, an increase in spending, more, more spending. plus, congress packed in some special gifts for the railroads, the car racing business, and some friends in hollywood who have some deep pockets. chris is our host of power play on foxnews.com live. happy new year! >> happy new year to you, merry cliff-mass. >> megyn: we went off the cliff and we're kind of off it, but moved the cliff and the cliff is in a weird place. postponed part of it. in any event, there's big tax hikes for the rich and hikes for everyone,
WUSA - 9News Now at 6am
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Jan 2, 2013
WUSA
9News Now at 6am
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Jan 2, 2013


the fiscal cliff bill and president obama is thanking congress for passing it. but when he spoke late last night, he said he hopes for less drama in the future. >> there's looft work still to be done -- lot of work still to be done. now the bill heads to the president for his signature. surae chinn is live on capitol hill with more on where we stand now. we have plenty left to do. good morning, surae. >> reporter: that's right. good morning to you, mike and andrea. it's not as big of a financial package as some lawmakers would have liked but a deal is a deal. in the end the house did end up approving the senate fiscal bill around 11:00 last night by a margin of 257-167 opposing votes. and some consider this a political victory for the president that comes one day after the fiscal cliff deadline. but the deal will work retroactively to extend the bush era tax rates for most americans. it is what he campaigned on to raise taxes on the wealthiest. the bill raises income taxes for individuals earning $400,000 a year and families earning $450,000. it includes an extension of unemployment benefi
CSPAN - Washington Journal
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Jan 2, 2013
CSPAN
Washington Journal
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Jan 2, 2013


that passed both houses of congress. here are the numbers to call -- you can also find us online. send us a tweet. or join the conversation on facebook. you can also e-mail us. the "washington times has this headline -- and in the washington post -- we would like to hear what you think about this bill. we will be digging into it more, going over some of the details. if to give us some perspective is pete, a staff writer with the the hill newspaper. thanks for being with us. guest: hi. host: they talk about the house republicans balked at first. what was the sticking point? guest: you used to just have to keep taxes low. but with the debt creeping up more and more, it is increasingly coming to play in our republicans think. when they first look at the deal yesterday the senate passed, they're looking at it when the cbo scores came out and the source said this is a bunch of new debt because we are letting people off the hook on texas and a little bit of spending cuts and that is not what they wanted and it is not the balance to deal they were seeking. for a bunch of hours, it caused them al
WUSA - 9News Now at 5pm
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Jan 2, 2013
WUSA
9News Now at 5pm
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Jan 2, 2013


soared on wall street and around the world after congress passed the last minute budget deal averting the fiscal cliff. the dow finished up 308 points to close at 13,412. >>> coming up at 5:30 we'll look at the winners and the lose he is of the fiscal cliff deal -- losers of the fiscal cliff deal. we'll break it all down. >>> at the top of the show you heard him, a little bit of governor chris christie blasting the republican led house representatives. he said a plot more than that and his hard -- a lot more than ha and his harsh words have gotten some action. the house will vote friday on $9 billion in aid for superstorm sandy relief. the house came within hours of when the republican governor ripped the republican controlled congress and specifically house speaker john boehner for failing to vote before adjourning late last night on the sandy relief bill. >> we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did until last night. last night politics was placed before our oath to serve our citizens. for me it was disa
KCSMMHZ - Journal
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Jan 2, 2013
KCSMMHZ
Journal
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Jan 2, 2013


on that and the republicans -- he has passed to do that -- he has to do that because the congress has to agree on that. >> to find out how global exchanges have responded, we will hear from frankfurt in a moment. first, this report on the first trading day of the year, starting in asia. fanfare for the start of the new trading year in south korea. analysts here are optimistic, despite the eurozone's continuing debt crisis and concerns about flat economic growth in developed countries. news that washington had sidestepped the fiscal cliff boosted markets across asia. >> people are very relieved this morning because the u.s. is very likely to fix their own problems in the next few days. >> the kospi index had a rise of 1.7%. the hang seng climbed above 23,000 for the first time in more than a year-and-a-half. most analysts are still urging caution and say that many of the world's economic problems remain unsolved. >> 2013 is likely to be a year of high risks and high returns compared to the previous year. in the latter half of the year, stocks will rise due to a recovery in the developed world. >> stock
WJLA - ABC 7 News at 500
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Jan 2, 2013
WJLA
ABC 7 News at 500
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Jan 2, 2013


of the fire is still under investigation. >> president obama is thinking congress for passing a bill that prevents us from going over the fiscal cliff. it stops a middle-class tax hike and raises taxes on the wealthiest americans. the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican his railing against. >> i called the speaker four times last night after 11:20 and he did not take my calls. >> publicly bashing john boehner, chris christie and others from the hard-hit areas of new york and new jersey did not hold back of the house's failure to vote on the sandy relief package last night. >> we cannot believe this knife in the back was delivered t
CNNW - CNN Newsroom
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Jan 2, 2013
CNNW
CNN Newsroom
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Jan 2, 2013


resolution, and congress has to pass another budget so that our entire government just doesn't shut down on us. if congress doesn't get its act together fast we'll be in a similar situation before we know it. the congressman-elect from florida joins us. my first question, sir, is are you looking forward for joining this group of legislators, given this despicable state of paralysis. >> this is a new congress i'm joining. the 112th congress, this is definitely disheartening, but it's not a surprise. the new congress, about 90 new members, all elected on a message of bipartisan, so the freshmen i have met all want to do something big, we want to do the big choices, so i'm excited to join this congress. >> what do you consider one of the big choices? everything will have to hurt. where are you prepared to hurt? >> you're right, it will have to be across the board. what we just did is a bain aid. i'm very disappointed. we are continuing to kick the can down the road. it's just not right. we're not putting our children and grandchildren in a strong position. unfortunately we have to look at c
KGO - ABC7 News 430AM
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Jan 2, 2013
KGO
ABC7 News 430AM
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Jan 2, 2013


passed the senate bill late last night averting fiscal disaster for the moment. live at our nation's capitol with details. good morning. >> good morning, the country did go over fiscal cliff but congress have fixed the mess. what they passed is retroactive, 90% of americans will not see a change in tax rates. >> they finally got it done. congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat. house republicans had not want to raise taxes without significant cuts. >> there is no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> but republicans decided to the to lengthen the fight. >> what is the alternative? go out $4 trillion of tax hikes for the american people, market uncertain. >> the bill shields people earning less than $400,000 a year from tax increases and extends unemployment benefits for roughly 2 million p
CNBC - Closing Bell With Maria Bartiromo
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Jan 2, 2013
CNBC
Closing Bell With Maria Bartiromo
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Jan 2, 2013


. >> yeah. he says the bill passed by congress last night is mainly a ticket to another fight which we'll talk about, but how does all of this affect his investment decisions for 2013? wilbur joins us now. good to see you. welcome back, sir. >> good to be back, thank you. >> are you encouraged or dismayed by the bill passed last night? >> well, i'm encouraged in one sense in that at least the vast majority of american taxpayers will know what their rates will be, and there's not that much of an increase. for most people the increase will be basically the two percentage points on social security and a little witt higher limit, so from the average person's point of view, that's okay. the disappointing part is that it didn't really deal with spending. there's a ratio of $41 of tax increase to $1 of spending decrease. >> right. >> that's not kind of balance we need to fix the budget. >> wilbur, though -- >> we have to wait and hope. >> the fiscal cliff wasn't about the deficit. it wasn't about the debt. it was actually about stabilizing gdp. i mean, that's the cliff, that's about making su
MSNBCW - MSNBC Live
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Jan 2, 2013
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MSNBC Live
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Jan 2, 2013


those in need, urging congress to pass this type of relief bill. why do you think boehner is not moving on this? congressman isic ia -- isa said filled the bill will pork. do you think that's the reason why your house republican colleagues aren't moving this or speaker boehner is not moving on this? or is boehner worried about showing a preference to new york city for some of the more conservative red state members of his conference? >> well, that statement from congressman isa shows how quick house republicans are to jump the gun against new york. the fact is every one of those items was taken out of the bill. every one of those items. they were put into the senate and taken out of it in the house. the bill that was going to go on the house floor did not have any of those items that congressman isa was talking about. john boehner wouldn't talk to us last night. i would say with the fiscal cliff and people in the party talking about spending he thought it was too much to put together but this is always separate. the part of leadership is to be able to distinguish and say this is not som
KOFY - ABC7 News at 900PM on KOFY
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Jan 1, 2013
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ABC7 News at 900PM on KOFY
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Jan 1, 2013


months of drama and intense has minute negotiations congress finally passed legislation to avoid the fiscal cliff. lawmakers completely blue the keyed line and no grand bargain both parties claim the ultimate goal. tonight both democrat and republicans gave themselves credit for getting something done. >> this is a very, very strong fears step. >> this is an important one. this is critical one for the future of the country. >>reporter: there was considerable hammering on republican lawmakers about the look of spending cut in the senate passed bill. some wished to tweak that with spending cut added on but ultimately not enough votes to get it passed. fiscal cliff deal was passed with overwhelming bipartisan sport this morning stepped tax cuts for all workers earning less than 400,000 dollars a year. prevent tax hike on estate valued at less than 5 million dollars. extend unemployment benefits that were set to expire today for some two million people. since congress missed january deadline the country did go over the cliff but bypassing the compromise deal on the house and se
WMAR - ABC World News With Diane Sawyer
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Jan 2, 2013
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ABC World News With Diane Sawyer
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Jan 2, 2013


over what congress has failed to do. adjourning without passing an aid bill for victims of hurricane sandy. >> the rug is pulled out from under us. absolutelyindefensible. >> absolutely absurd. >> shame on you, mr. speaker. >> reporter: the failure to even vote on the $60 billion bill prompted an outburst from chris christie. >> 66 days and counting. shame on you. shame on congress. >> reporter: his wrath aimed squarely at republican leaders in congress. >> they forget, we sent them there. we sent them there to do the work for us. not to sit down there and play with each other. >> reporter: all that sound and fury apparently paid off. late today, speaker of the house john boehner said that aid to victims of hurricane sandy would be the first priority of the new congress that gets sworn in tomorrow. the first vote for sandy victims coming on friday. >> all right, jon, thank you. but let me ask you this. we've had relief now about one crisis averted, but when is the next one? >> reporter: we have potentially three fiscal cliffs coming up. the first one comes next month, when the govern
MSNBCW - News Nation
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Jan 2, 2013
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News Nation
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Jan 2, 2013


changes. >> that's become the norm. you know that congress hasn't passed a budget on time in years. when this resolution expires in march, what's going to happen? are we going up to midnight of march 1st and all that again? >> i hope not. we are working new year's eve and new year's day. it wouldn't surprise me. there could be something that changes. i don't know if president obama has leverage. he hasn't been asked what he is going to do on the debt ceiling. he said i am not going to negotiate and i am not playing those games. what does that mean? is he going to use the fringe ideas previously of the 14th amendment and bring it up to say he is bypassing congress or throw out a trillion dollar platinum coin? this is where the conversation is at this point. the debt ceiling is something congress has to vote on unless president obama does something we have never seen before. >> and republicans as we read the bottom of the screen, they are vowing to use the debt ceiling as leverage. is that going to work? do they have that leverage? we spoke with adam schiff and he said everybody has a litt
MSNBCW - Andrea Mitchell Reports
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Jan 2, 2013
MSNBCW
Andrea Mitchell Reports
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Jan 2, 2013


. >> last time i looked congress appropriated the money. it's bills passed due. >> which congress? the republican house of representatives all voted against that. the spending that's -- >> plenty of other money in there, though, this congress voted for, the house-led republicans went along with a lot of spending in the past two years. look, at this stage, john boehner could have had a deal a couple of weeks ago that would have included some modification on the c.p.i. for social security recipients, and the president said, as well, some adjustment against the wishes of his own party members, he was willing to talk about the raising the retirement edge, the eligibility age. >> democrats in senate said that was off the table, that was never a reality. second of all, we're in a position that we're dealing with spending cuts -- >> didn't john boehner reject a better deal from his values, according to his principles, that he ended up -- he then ended up finally leading the house to vote for last night? >> no, because last night was not a final deal. last night was a debate over how much
WBFF - Fox 45 Early Edition
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Jan 2, 2013
WBFF
Fox 45 Early Edition
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Jan 2, 2013


nd. 3 33 p, 3 3 congress has reached an &pagreement that keeps the fiscal cliff. as martha shade explains... theehouse of representatives voted tuesdaa niggt to approoe in the day. ill passed earrier - 3 &pthe nays are 167, the motion issadopted) the house aprroved the measure passed earllerrin the day by the senate. it raises taxes on individuuls earning moreethan 400-thousand more than 450-thousand dollars a year. it also exteeds unemmloyment benefits. spenddng cuts will not be addressed for two months -- which was a ddsappointment for many republicans. thh senate, the president and the vice &ppresident failed to meet thei obligation, their own statee ooligation whicc as to brrng us a balanced bill. one that also had spendinggcutss this one ffils at thaa and faiis badly. president obama pprisedd agreement that protects the miidle class. thanks to the votes of democrats nd republicans in congress, i will sign a law that raises americans whiieepreventing a middle-class tax hike that could have sent the economy back into recession and obviously had severe impact on famiiies al
WBAL - 11 News at 11
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Jan 1, 2013
WBAL
11 News at 11
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Jan 1, 2013


i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up through the laws they pass. let a repeat. we cannot not pay bills we have already incurred. if congress defuses to give the government the ability to pay these bills on time -- refuses to give the government the ability to pay these bills on time, consequences will be worse than the fiscal cliff. the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged. growth dropped. we cannot go down that path again. today's agreement in shrines in principle into law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is how our economy works best. that is how we grow. the sum total of the agreements we reached so far proves there is a path forward. that it is possible. if we focus not on our politics, but on what is right for the country. the one thing i thin
WMAR - News
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Jan 2, 2013
WMAR
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Jan 2, 2013


and although congress missed a january 1st midnight deadline by-passing the compromised deal in the house and senate, congress can take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one and a critical one for the future of the country. >> reporter: now in about two months, congress needs to deal with spending cuts they put off and there will be a fight over the debt ceiling. reporting live in federal hill, sherrie johnson, abc2 news. >>> so the deal is done and we won't pay anymore in taxes this year. but it's not true. the fiscal cliff deal keeps income tax rates at courage level for 98% but doesn't extend the payroll tax cut. more will go into socialsecurity. most lower and middle income familiesly vied -- families will avoid a thousand more in income taxes they will pay more for payroll taxer. >>> 2013 means changes are coming to health care. big thing to watch is with the health insurance exchanges. they have to be up and running by october 1st. only 18 states including maryland on thed to build their exchange -- opted to build their
WMAR - News
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Jan 2, 2013
WMAR
News
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Jan 2, 2013


to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and running by october 1st. only 18 states including maryland on thed to build their exchange. other things you need to watch out for, contributions to a flexible spending account is limited to 2500 dollars. you're allowed to deduct more un
MSNBCW - Way Too Early
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Jan 2, 2013
MSNBCW
Way Too Early
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Jan 2, 2013


will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws they passed. let me repeat, we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some point. obviously the house felt a bit jammed by the senate. did mitch mcconnell jam john boehner and force boehner's hand? >> he didn't force boehner's hand, but he did step up in a way that boehn
CSPAN2 - U.S. Senate
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Jan 2, 2013
CSPAN2
U.S. Senate
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Jan 2, 2013


kind of life. congress passed a g.i. bill and i say with certainty that it y would not be standing before youty today without the opportunity to me. g.i. bill gave me not only to get an education, but to its structure and a path forward and a feeling that there is a way for me to help people. this proves to me that when congress acts responsibly itmerica. can build a better america. that is why when i was last with the opportunity to lead the senate committee on veteransnd affairs, i dedicated myself hoping our servicemembers and veterans and their families and work with my colleagues to v.a. extend va services and pass a new 21st century g.i. bill. moment to urge all of my colleagues and all of the incoming senators and representatives that they do everything they can for veterans and their families because we asked to sacrifice so much for us. they put their lives on the line while their wives and husbands watched over their families. caring for them is one of the most sacred obligations as a nation and not everyone on the front lines m
KTVU - KTVU Morning News Early Edition
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Jan 2, 2013
KTVU
KTVU Morning News Early Edition
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Jan 2, 2013


the congress and white house hammered out a deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> a central premise of my campaign was to change the tax code. that was too skewed toward the wealthy at the expense of working middle class americans. tonight we done have that >> president obama is right now as we speaking flying back to hawaii. he's resuming the family vacation he cut short in order to deal with that fiscal cliff. here are some of the details of the fiscal cliff deal that was passed last night. a perm extension of previous tax cut for all taxpayers expect for individuals that make $400,000 a year or couples that make more than $450,000. the bill continues unemployment benefits for long-term jobless. and postpones a decision on controversial spending cuts for two months. even though congress acted to avert income tax hikes on most americans, your paycheck will still shrink in 2013. ktvu janine de la vega is in san jose right now to explain about the end of the payroll tax holiday. what does that mean? >> repor
KGO - America This Morning
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Jan 2, 2013
KGO
America This Morning
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Jan 2, 2013


technically go over the fiscal cliff. but congress has fixed the mess. what they passed is retroactive. so, 99% of americans will not see a change in their tax rate. they finally got it done. congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign a law that raises taxes on the wealthiest 2% of americans, while preventing a middle-class tax hike that could send the economy back into the recession. >> reporter: for a time, it aspeared the bill was headed for defeat. house republicans did not want to raise taxes without significant cuts in government spending. >> there's no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> reporter: but in tend, house republicans decided not to drag out the fight any longer and risk taking the blame for massive tax hikes on nearly every american worker. >> what's the alternative? the alternative is $4 trillion in tax hikes that hit the american people, market uncertainty. >> reporter: the bill shields people earning less than $4 $400
FOXNEWSW - Happening Now
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Jan 2, 2013
FOXNEWSW
Happening Now
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Jan 2, 2013


kicked the can. talk about speaker boehner he got the thing passed and got it through congress. he didn't get the support of the republican caucus. is he a loser? >> he is burned a trust with a lot of rank-and-file in the republican party. somewhat undeservedly. his mistakes weren't in the last week. his mistakes were three months ago, two months ago, six months ago, pick a date that, you know, once we let, once he led the republican party into, down this blind alley he left himself with very few good options. i think passing this deal was better than the alternative but that doesn't mean it's a good deal and it doesn't mean the country should have been in this place in the first place. i don't think eric cantor challenges him but i think he a weaker speaker because of all this. jon: what about paul ryan? he voted for this thing, right? >> paul ryan you have to kind of wait and see. marco rubio was given a gift from god being in the senate and being able to vote against this thing. i think it will help him in the primaries. let's him stay pure and statesman like. paul ryan has more expl
WRC - News4 Today
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Jan 2, 2013
WRC
News4 Today
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Jan 2, 2013


's desk. >>> lawmakers from new york are lashing out at fellow members of congress after failing to pass a bill for superstorm sandy aid. >>> a prince george's county church trying to pinpoint the cause of a fire that damaged a building. more on that thout the morning. good morning to you. i'm eun yang. >>> i'm aaron gilchrist. welcome back on this wednesday, january 2, 2013. a live look out over the nation's capitol this morning. 37 chilly degrees outside our studios. want to let you know what to expect. >> storm team 4 meteorologist tom kierein here with your forecast. good morning, tom. >> good morning. you need your warmest winter coat. had morning, it's turning colder. we're going to be into a colder pattern the next couple of days. right now, we've got a lot of cloudiness. the clouds are producing a few scattered flurries right in washington. part of northern virginia, including fairfax county. and then into northern anne arundel and northern prince george's. this is moving off south and east. the areas in green are a few sprinkles of light rain, maybe mixing with flurries. st. mar
WRC - Early Today
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Jan 2, 2013
WRC
Early Today
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Jan 2, 2013


way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama. a little less brinksmanship. not scare the heck out of folks quite as much. >> well, the president doesn't want to scare us too much. nbc's tracie potts is live for us on capitol hill. tracie, it was a new year's day to remember. >> it was. this came a day late but just in time for the markets reopening this morning and just in time for many americans who were very concerned about their tax rates going up. that's an area that democrats gave him. couples who make $450,000 or more are going to have higher tax rates. you heard t
WMAR - ABC2 News at 530PM
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Jan 2, 2013
WMAR
ABC2 News at 530PM
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Jan 2, 2013


: and in the region. >> 66 days and counting. shame on you. shame on congress. >> reporter: lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, house speaker john boehner pulled the bill. it would not -- the reaction was swift and angry. >> the ayes have it. the house stands adjourned until 10 a.m. tomorrow morning. >> reporter: the senate passed a measure that with provide $60 million and many said the provides tag was too high. >> there raise been no substantive reason given for the action. >> reporter: the timing is key. if the house doesn't vote on the senate-passed measure, lawmakers have to start from scratch because the new members cannot take up a bill from the old congress. that means the much needed i'd could be delayed for several weeks. >> we need to rebuild now. we need to act now. we can't wait for the next congress. >> reporter: speaker boehner told republicans there will ab vote friday and the rest by january 15th. >> congressman peter king said the speaker of the house john boehner promised aid to victims will be
MSNBCW - First Look
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Jan 2, 2013
MSNBCW
First Look
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Jan 2, 2013


. but we can't simply cut our way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government time to pay these bills on time, the result will be catastrophic. hopefully we will focus on seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the president doesn't want to scare us quite as much. nbc's tracie potts is on capitol hill. that was a new year's day to remember. >> it was. it was just in time for many americans who were concerned for tax rates going up. couples who make $450,000 or more will have higher tax rates here. you heard the president also talking about or eluding to the debt ceiling, that's a fight the congress still has to deal with, as the president made reference to paying those bills we already incurred. john boehner was able to
WBAL - NBC Nightly News
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Jan 2, 2013
WBAL
NBC Nightly News
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Jan 2, 2013


in tonight for brian. after weeks of negotiations and last-minute hold-ups over the fiscal cliff, congress late last night finally passed an agreement on taxes and spending. in a moment, we'll tell you what that legislation means for every american. but it's what the house did not do last night that caused an uproar today. lawmakers left before considering a bill to help victims of superstorm sandy, and that had republicans from hard-hit states taking aim at leaders of their own party. nbc's kelly o'donnell is at her post on capitol hill once again tonight. kelly, good evening. >> reporter: good evening, kate. so the house had not taken any kind of vote on a new year's day in nearly 60 years. and when they did so, they got that tax deal done, but only minutes later, a new controversy popped up, over government spending. and it spread through here furiously, and with real impact. new york and new jersey got angry and got action over emergency funding that was being delayed. it was a midnight surprise. >> the ayes have it, accordingly, the house stands ayoured. >> reporter: boos and jeres er
WGN - WGN Midday News
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Jan 2, 2013
WGN
WGN Midday News
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Jan 2, 2013


will have to wait for the next session of congress to see if they'll get billions of dollars in federal aid. 2013 will still end up being a little bit more costly. late last night the house approved a measure passed earlier by the senate. extending unemployment benefits. a clear victory for president obama the campaign on promises to only raise taxes on the wealthiest americans. i also know all that raises taxes on the wealthiest 2 percent of americans. how this a had a severe impact on families across america. they still will take a financial hit in 2013. at least 2 percent more in payroll taxes. cutting into most workers' paychecks. it will hit illinois and is especially hard. >> is a double whammy. they're getting another tax hike, the 2 percent payroll tax. for a median house and come they might be saving 5000-ton thousand dollars a year. this is $2,100 less. while everybody is happy that the worst was avoided many are disgusted at how the entire ordeal turned up. the little guy is the ones suffering. >> i think it was really irresponsible by our government. both parties led us down.

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